The Market System Automatically Corrects a Surplus Condition in a Competitive

question 32

Multiple Choice

The market system automatically corrects a surplus condition in a competitive market by

• A) raising the price of the commodity in question while increasing the quantity demanded.
• B) raising the price of the commodity in question while decreasing the quantity demanded.
• C) reducing the price of the commodity in question while increasing the quantity demanded.
• D) reducing the price of the commodity in question while decreasing the quantity demanded.

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Definitions:

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Montgomery Bus Boycott

A significant event in the Civil Rights Movement where African Americans in Montgomery, Alabama, boycotted city buses from 1955 to 1956 to protest segregated seating.

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An American civil rights activist and educator best known for her role in the Montgomery Bus Boycott of 1955.

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